Word: repeals
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Dates: during 1940-1949
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...three good reasons to sign it: 1) It contained a repeal of the Vinson-Trammell profit limitation on ship and aircraft suppliers to the U. S. 2) It provided a five-year amortization of defense plants completed since June 10. Both these measures have been long needed to speed defense. 3) Inscrutable and inequitable, the bill nevertheless gave corporation comptrollers something definite to figure on. They found...
...defense "must." Franklin Roosevelt has declared that U. S. rearmament must make no new "war millionaires." He therefore attached an excess-profits tax, like a price tag, to two other pieces of defense legislation that businessmen, the Defense Advisory Commission, the Treasury, the Army & Navy all wanted: 1) repeal of the Vinson-Trammell Act's profit limitation on plane and warship orders; 2) permission for defense manufacturers to amortize new plants (for tax purposes) in the short space of five years (TIME, Aug. 19). These two laws were still wrapped up in the Excess Profits Tax Act this week...
...meaningless slogan, because "aid" can merge imperceptibly into "war." Many of us opposed helping England in the belief that once you set foot on that dangerous path there is no turning back. Already we have progressed from planes and guns to destroyers. Next will be army planes, then the repeal of the embargo on loans to belligerents, then the lifting of the ban on volunteering for service with the English army. Each step breaks down the determination to "draw the line" and inexorably we shall move into total war. Inexorably? Let us hope not. Remember that in aiding England, essentially...
...criticisms of conscription as a "base on balls for our own fascists" is concerned, I find myself in substantial agreement. But where Marx seeks to repeal the base on balls, I think it is more practical to try to hold the "undemocrats" scoreless from this point on. That is, I would concentrate our efforts on the issues of administration of the conscription act, industrial control, civil liberties, social reform through taxation, and so forth. The Prohibition experience would indicate that you cannot repeal a law immediately after its passage, but only after it has proved a failure. Liberal energies...
...Most gasp-worthy Winchell phenomenon: "Having been an intimate friend of Owney Madden. New York's No. 1 gang leader of the prohibition era, he became in the short space of two years, the public pal of J. Edgar Hoover, the No. 1 G-man of the repeal era." In 1932 Winchell's intimacy with gangland led to fear he would be rubbed out for knowing too much. In terror he fled to California, returned weeks later with a new enthusiasm for law, G-men, Uncle Sam, Old Glory...